Bipartisan legislation just introduced into the US Congress could put another rocket under the fortunes of Australian based small cap American Rare Earths.As the US puts the pedal to the metal to secure its own supply of rare earths and other critical minerals, Senators from both sides of the aisle have introduced the Hard Rock Act (formally titled Homeland Acceleration of Recovering Deposits and Renewing Onshore Critical Keystones).The legislation aims boost what’s known as the National Defense Stockpile (NDS) while urging the Pentagon to work with American collaborators and allies to guarantee access to the critical materials.During national emergencies or wartime, the NDS allows defence and essential civilian producers immediate access to the raw materials they need.However, the US Geological Survey reported last year that the nation was 100% reliant on 14 minerals on the critical minerals list from other countries and more than 75% import-reliant on another 10 critical minerals.Making the most of being in the right place at the right time, American Rare Earths (ASX:ARR) is taking big steps towards becoming a leading supplier of the critical minerals in the US. QUOTE article released today on *
ARR getting good exposure in the media now at last IMO.
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